January 27, 2014
The Mesothelioma Applied Research Foundation announced in November a plan for a social media fundraiser that included matching from a long-time donor. Since the fundraiser began, a second donor has agreed to match up to $10,000 as well. That means up to $40,000 in funds could be raised by the end of the year.
The campaign is another great example of how nonprofits are using the Internet to the solicit fundraising, and embracing techniques such as matching. The Web and social media have allowed nonprofits to get much more creative with fundraising and do so at a cheaper cost. It was recently announced that Facebook will add a donate now button for nonprofit pages, making it even easier to raise cash on the social platform.
Nonprofits must reducing spending while raising funds
In addition to taking advantage of new ways to fundraise, nonprofits should also seek ways to reduce their yearly operational costs. One method is for nonprofits to opt out of costly state unemployment insurance pools. Nonprofits are required to meet an obligation for unemployment payments, but do not have to pay in to state pools. UI costs for employers have climbed in many states since the recession, so now is a great time to look into alternative methods of funding unemployment insurance.
Opting out means they only reimburse states for the actual amount of unemployment benefits paid out to former employees. While this can save nonprofits money in most cases, there are circumstances where it could become more costly. Because of this, it's important to contact a group that specializes in unemployment insurance programs for nonprofits. A consultant can help determine which type of program is best for a nonprofit that has decided to leave a state's UI pool.
Working with Marshal Whittey at First Nonprofit has been a great experience. He handles our request as a priority and goes above and beyond to resolve any issues we have in a timely manner. Marshall follows through to the end and ensures our needs are met. He has been a great resource for LSC and our “go to” for any tax questions we may have. With LSC transitioning several facilities into one federal tax identification number, First Nonprofit was able to assist and provide guidance with best practices resolving claims to each entity. Additionally First Nonprofit provided knowledge (information materials) and one on one training to HRS group with best practices to handle claims state adjudicated, fraudulent claims, and appeals. And processing information in the First Nonprofit [unemployment claims] system allows for timely information can be collected.
My experience with FNP has been wonderful. Unemployment in general is quite confusing and FNP has simplified the process for us. Everyone we have reached out to or worked with has been very helpful and follows up to be sure we understand the information. I am so happy we made the switch to FNP!
First Nonprofit smoothed the unemployment perils for our organization during Covid. Without the ability to cap our UI exposure, we would not have been able to weather the storm. The program worked perfectly and we have come out of the pandemic ready to forge on. Thanks FNP!
My experience with the FNP has been fantastic. The idea of setting funds aside for the unemployment tax liability is a bedrock for nonprofit organizations like mine, namely ASHBA; what is even more advantageous is having the FNP as a custodian of those funds. 100% recommended!
I would like to comment on my experience with FNP….to date our District has saved $1,000’s of dollars by being enrolled in the First Nonprofit program. My only regret is that we did not know about this method of paying unemployment tax years ago….as I had figured about five years
ago, had we enrolled 15-20 years ago, we could have saved our small school district upwards of $500,000 in payments to IDES. Also we would have had a pretty hefty sum of money in our Reserve Account. Thankfully I attended a workshop hosted by First Nonprofit back in 2015 which got the ball rolling!
I have worked with the First Non-Profit Team for many years, and I appreciate the quick response and care that Cecilia and the team provides anytime I have questions. While there are other providers that may provide like services, First Nonprofit will always be my first choice! I appreciate you!
First Nonprofit has been easy to work with and makes the administrative process easier and smoother. We enjoy working with you.
Luckily for us, our interactions regarding any issues with staffing has been very minimal! I can say that all other interactions with regards to billing, 941 reporting, etc. have been extremely pleasant, accommodating and easy to work with. Kim Ghanayem is always prompt, professional and friendly. Thank you so much!